HODLINGBTC
BTC

Amplification

"Amplification" measures how much of a Bitcoin treasury is financed through debt and preferred stock rather than common equity. Strategy and Strive publish identical formulas: (Total Debt + Total Preferred) / Bitcoin NAV. The Smarter Web Company publishes a Leverage Ratio with the same shape but a different NAV definition: Debt / (Bitcoin Held + Treasury Cash - Total Debt). Each card below uses the issuer's own published formula and links to the source page where the metric appears.

MSTR Strategy
41.80%
Amplification
Total Debt
$6.75B
Total Preferred
$15.46B
BTC INNEHAV
847,363 BTC
Bitcoin NAV
$53.14B
“Debt + Pref divided by the BTC Reserve.”www.strategy.com
ASST Strive
62.85%
Amplification
Total Debt
$0
Total Preferred
$783.0M
BTC INNEHAV
19,864 BTC
Bitcoin NAV
$1.25B
“Total Debt + Preferred as a percentage of Bitcoin NAV.”www.strive.com
SWC The Smarter Web Company
15.70%
Leverage Ratio
Total Debt
£18.5M
Treasury Cash
£883K
BTC INNEHAV
2,878 BTC
Net Asset Value
£117.8M
“Leverage Ratio = Debt / Net Asset Value, where Net Asset Value = Bitcoin Held + Treasury Cash Balance - Total Debt.”www.thesmarterwebcompany.com